At some point, everyone involved in franchise development is going to be asked this question by a prospect. It is not unreasonable for a prospective franchisee to want to know the answer. By Tom Spadea
Many systems are tempted, as they update and renew their FDDs, to lean into more restrictive clauses and aggressive enforcement programs against wayward franchisees. By Tom Spadea
As a crab grows, it must periodically shed its hard outer shell, at which time, its inner soft shell expands and hardens, giving the crab room to grow. This is an oversimplified explanation of the “molting” period. By Tom Spadea
A few years ago I visited London with my wife and kids and one of the highlights for me was our visit to Churchill’s War Rooms. In this time of uncertainty and stress, it calms me to think about what others have endured and overcome. When things happen that are completely out of our control, all we can control is how we react. By Tom Spadea
The Franchise Business Radio show is a platform to bring together franchise professionals to connect, educate, and collaborate to serve the franchise community and those considering franchise ownership.